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LegalZoom Sells $500M Secondary Stake To Private Equity Investors

socalTECH

Glendale-based LegalZoom , which provides legal services and documents for the small business and family market, announced on Tuesday that it has sold a $500M secondary stake in the company to a set of private equity investors. The secondary stock sale reportedly values LegalZoom at more than $2 billion. READ MORE>>.

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LA tech industry mourns Kobe Bryant

TechCrunch LA

“Kobe was loved in Los Angeles,” wrote Mark Suster , managing partner of the Los Angeles-based venture capital firm Upfront Ventures , in a private message to TechCrunch. Last year, the investment firm expanded with a $1.7

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NZXT Gets $100M For Gaming PCs

socalTECH

City of Industry-based NZXT, a maker of custom, gaming PCs, has raised $100M in a strategic investment, the company said this week. The funding came from private equity investor Franciso Partners. NZXT's custom gaming PCs start at $799, but can be customized and can cost more than $3800.

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Interview with Jeff Zwelling, Convertro

socalTECH

That's important, because it allows marketers to re-invest and give credit to that marketing event, so they can buy more of it and get more customers. Locally, those are companies like LegalZoom, GameFly, TrueCar, and ShoeDazzle. We sold it to a private equity group. It's a significant problem in online marketing today.

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